Shares of Intuitive Surgical Inc. surged 6.5% toward a record high in midday trade Wednesday, enough to pace the S&P 500’s gainers, after the robotic-assisted surgery technologies company provided upbeat sales guidance. The company, which has a market capitalization of $47.5 billion, said it expects to report fourth-quarter revenue $892 million, which is up 18% from a year ago, and well above the FactSet consensus of about $849 million, as preliminary instrument and accessory revenue rose 18% to $457 million to beat expectations of $441 million. The stock has soared 92% over the past 12 months, while the S&P 500 has rallied 21%.
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